HomeMaker

We are living in the age of secular stagnation, it will be difficult for a warren buffett type of FIRE. Gen Z may not be able to afford our sky high property without their parents’ inheritance. where will the growth trend be? big tech counters, enticing us to spend more online as its difficult to control our online spending. Big spending on food n beverage, as its our national past time

I12FIRE

Reply to @HomeMaker : food ok la just dun spend too often or too much

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DareDevil

My definition of fat FIRE - passive income is double of expenses

E.g. If I spend $2k per month, my passive income should be $4k per month for me to enjoy fat FIRE.

Happily

Reply to @layers : All can hav. But all must add a word “sensible” infront. Sg has everything. Many uhnw people coming in, n there will b high Consumption items cratering for them. If no $ yet still wanto chase their lifestyle, then cant blame anyone but ownself. As long as we Live within our means, should b no problem. We have our FIRE, n they can hav theirs too

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Happily

FAT FIRE ? ? ? ideal case would b having a passive income which exceeds our employment income. Most retirement income guidelines will suggest having 60% to 80% of last drawn income. With the 30-40% excess buffer as u mention, Tat works out to a range of about 90% - 120% of our last drawn employment income